Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023.

Two years into the war, Citigroup is the only U.S. bank around, navigating a sometimes treacherous landscape.

China’s finance ministry has said it is in favor of the central bank resuming trading Treasury bonds, a move that would see the monetary authority dust off a rarely used tool in its policy kit.

The S&P 500 ends a six-day streak of losses with a 0.9% gain as all 11 sectors rise. Earnings and economic data provide the next tests for the market.

Analysts say there could be room for both UBS and its smaller rivals to grow.

Any deal involving a takeover by the Japanese giant still faces thorny obstacles, antitrust regulators and boardroom drama among them.